Golden Mile’s Yarrambee Project, drilling underway. Source: G88
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Golden Mile Resources (G88) begins reverse circulation (RC) drilling at its Yarrambee copper, zinc and nickel project in WA
  • G88 has started a drilling program that will include between 2000 and 3000 metres of exploration
  • Modelling of the Narndee cluster of nine drill-ready base metal targets has been considered as prospective for copper, zinc and nickel mineralisation
  • According to the announcement, G88 invited a portable XRF analyser on-site to support the mineral identification and sampling process
  • Golden Mile Resources shares have climbed eight per cent and are trading at 5.4 cents a share

Golden Mile Resources (G88) has commenced a series of reverse circulation (RC) drilling at its Yarrambee copper, zinc and nickel project in Western Australia.

The exploration project is located in the highly prospective Goldfields region, roughly 350 kilometres southeast of Perth.

G88 has started a drilling program that will include between 2000 and 3000 metres of exploration.

Modelling of the Narndee cluster of nine drill-ready base metal targets has been considered as prospective for copper, zinc and nickel mineralisation.

The previously identified Tank anomaly was labelled as “highly conductive and extensive” after it was picked up in the recent ground surveys but not in airborne surveys.

According to the announcement, G88 invited a portable XRF analyser on-site to support the mineral identification and sampling process.

“The RC program is targeting bedrock conductors in an area where historical exploration
identified widespread alteration and base metals mineralisation,” Managing Director James Merrillees said.

“These proximal indicators coupled with our geophysical surveys have defined high potential targets for this program which is expected to take about two weeks to complete.”

Golden Mile Resources shares have climbed eight per cent and were trading at 5.4 cents a share at 2:45 pm AEDT.

G88 by the numbers
More From The Market Herald
The Market Herald Video

" Askari Metals (ASX:AS2) acquires Barrow Creek Lithium project after raising $2.6m

Askari Metals (ASX:AS2) has acquired the Northern Territory Barrow Creek Lithium project after completing a $2.6…
Agrimin (ASX:AMN) - CEO, Mark Savich

" Agrimin (ASX:AMN) announces $7m cap raise

Following a trading halt earlier in the week, fertiliser development company Agrimin (ASX:AMN) has announced plans…

" Race Oncology (ASX:RAC) reports $1.8m in cash outflows

Race Oncology (ASX:RAC) reports $1.8 million in cash outflows